JLR and Stellantis sign MoU for car development in the US
Jaguar Land Rover (JLR) and Stellantis have signed a Memorandum of Understanding (MOU), seeking collaborative opportunities for car development in the US. The non-binding MoU signed by the brands aims to extract value by creating synergies in product and technology development, primarily focused on the US market. This is also the first time JLR has signed an MoU with any American automaker. This agreement is specifically for the US market JLR and Stellantis have both signed agreements with Tata The JLR and Stellantis MoU The MoU signed by JLR and Stellantis has to wait regulatory approvals before it can become legally binding. However, the “collaboration will play an important role in unlocking new opportunities. Working with Stellantis allows us to explore complementary capabilities in product and technology development that support our long ‑ term growth plans for the US market,” PB Balaji, Chief Executive Officer of JLR, said. The companies plan to explore ideas to develop produc...